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For 2016, $GPC expects total sales to be flat to up 1%. Automotive sales is expected to be up 1-2% and industrial sales is expected to be flat to down 1%. Diluted EPS is expected to be $4.55-4.60. Cash from operations is expected to be $0.9-1Bil and free cash flow is expected to be $400-450MM. Capex is expected to be $120-140MM.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?